May 2025

MAY 2025

Yes! It's May! The month when the most fabulous parts about Westport really start to shine under the sun! Longshore Golf Club is open, beach stickers are required, pickle ball players are pickling, and all the kids are getting ready for end-of-school year fun. I love this month because May begins a season of wonderful celebrations; celebrating mothers and graduates with fanciful proms and weddings and everything in between.

I have statistics below that explain the April market in Westport and other towns that you can click on.

Main takeaway from the current real estate market is that it is local. Do not relate it to the national reports. We continue to have strong demand for houses. Inventory is still much lower than in the past but more listings begin to trickle in as this is the height of the Spring Selling Season.

If listings are priced accordingly, in good locations and are in move-in condition they can expect multiple bids. Buyers are not bidding indiscriminately, they are focused and selective and only willing to stretch if they see value. Other homes linger and take price reductions. The lack of inventory is not only due to higher interest rates. Sellers only list if they have a place to go to so we continue to be in a seller's market.

Buyers can win if they are strategic -- We are seeing off-market and pre-market inventory that never goes on the MLS. Buyers who are winning are those who stop expecting to get a deal, and focus on getting 75% of what they want for the right terms. Buyers are paying a premium to get into the towns they want.

Buyers also need to be prepared by having their financing lined up, contingencies clear and quick to make decisions.

Both sellers and buyers need a plan, be prepared to act and feel confident about their decisions.

If you are thinking of buying now might be good tike to jump in while the rates are lower. I can help you get pre-approved, determine what you really want in a new home and educate you on our market so that when the right home presents itself you are ready to act decisively. Sellers should take offers seriously as buyers are serious. There is always opportunity where there is fear and uncertainty. I am here to educate you on the market and get your house ready for market. If you are ready to move ahead CALL ME NOW! Follow me at jillian.klaff.realtor on instagram for my latest listings and real estate tips.

Get the process going by scanning the QR code below to see how much your home is worth.

from our blog

Top Factors that Influence Home Resell Value. When it comes to selling a home, homeowners often wonder what factors can boost their property’s resale value. Various elements influence how quickly a home sells and at what price. From the condition of the property to the neighborhood’s appeal, these factors play a significant role. In this article, we explore the top things that add value to your home, particularly focusing on homes in Westport, CT, and how each factor contributes to a higher resale value. READ MORE.

may musts

Don't forget! No dogs allowed at Westport beaches, athletic fields or playgrounds April 1- Sept 30.

WESTPORT FINE ARTS FESTIVAL - May 24th and 25th.

THE LEVITT PAVILION FOR PREFORMING ARTS - Get ready for a summer of fun nights under the stars. Check out the calendar of exciting concerts and events!

THE WESTPORT LIBRARY - Registration is open for summer learning.

BEACH STICKERS ARE ON SALE NOW

LONGSHORE GOLF: The course is open! Get your resident pass here.

COMPO BEACH PLAYGROUND RE-OPENING! - The $650,000 community effort to modernize, enhance and update Compo Beach Playground is almost complete! The re-opening celebration is planned for Saturday, May 24th at 10:30am. Come join the fun!

29 Woods Grove Rd

4BD | 3BA | 2279SF

9-A Ludlow Road

2BD | 2.5BA |1150SF

56 Wright St

5 BD | 3 BA | 3450 SF

206 Good Hill Road, Weston

5 BD | 4 BA | 3149SF

69 Catalpa Rd, Wilton

4 BD | 4 BA | 4180 SF

REDUCED: $7000/mo

7 Dawn Drive

6 BD | 8BA | 8641 SF

461 Tahmore Dr, Fairfield | 3BD, 3BA, 2612SF

UC 5 | Close 13 | Multiple Over Offers

See the Westport property transfers for the weeks of 3/31- 4/4, 4/7 - 4/11, 4/14 - 4/18.

We have even more exciting new listings on the way! Go to jillianklaffhomes.com and check our listings tab on our website for updates and details.

coming soon....

I have a wonderful listing coming on the market in Weston this spring so stay tuned to my instagram jillian.klaff.realtor and come on over to my website to see what I have going on!

MARKET SNAPSHOTS

WESTPORT

WESTON

FAIRFIELD

WILTON

WESTPORT MARKET TRENDS:

Firstly, it is interesting to note that the seller’s market arrow is moving closer to the balance market than in previous months. The Months Supply of Inventory is at 3.35, which means it would take approximately 3.35 months to sell all the current inventory of homes on the market. This number has risen 10.56% from the last month. This low number indicates a seller’s market where there is a high demand for homes.

The 12- Month Change in Months of Inventory is -18.09% showing a decrease in the number of months it would take to sell all the inventory compared to the previous year.This indicates a trend towards a tighter market with potentially increasing prices.

The Median Days Homes are On the market is 39, which is relatively low and indicates that homes are selling quickly. This could be due to high demand and low inventory.

The Sold to List Price Percentage is at 101.9% meaning that on the average homes are selling for slightly above their listing price. This shows a strong market where sellers have the upper hand.

Lastly, the Median Sold Price is $2,300,000, indicating that the average price of homes sold in the Westport market is high. This could be due to luxury properties or a high-demand area.

Overall, these metrics suggest a strong seller’s market with low inventory, high demand, quick sales and prices potentially on the rise. Buyers may face competition and need to act quickly, while sellers may benefit from favorable selling conditions.

The prices of homes in Westport are at an all time high with far more homes in the price range $3million and over, than lower price ranges. There are many buyers being priced out of the market.

WESTON MARKET INSIGHTS

FAIRFIELD MARKET INSIGHTS

WILTON MARKET INSIGHTS

Honored to be among my Coldwell Banker colleagues being recognized for outstanding achievements in 2024. The evening will be a wonderful celebration of hard work and success!

I'm sure you have been interested in the proposed Saugatuck renovation project. "The Hamlet at Saugatuck is a once-in-a-generation project that reimagines the Saugatuck waterfront: The Hamlet at Saugatuck."

"The project is planned as an architectural and cultural destination, designed with a village atmosphere, with public waterfront access, riverfront boardwalk, farmers market, waterfront dining, residential and retail spaces, and a hotel. The community and visitors can gather and enjoy the best of local food, shopping, elevated hospitality, and year-round indoor and outdoor cultural events and activities. This undertaking is the vision of ROAN Ventures, a Westport real estate development firm, together with architect Bill Bensley, Akoya Hospitality, and LANDTECH will lead the project team."

According to LANDTECH's website, "The Hamlet at Saugatuck will be an authentic expression of the waterfront Saugatuck experience, located on what is perhaps the last gem of open property along the rail lines of Connecticut. It will bring far-reaching beneficial impacts to the entire state of Connecticut: aesthetic improvements and critical environmental remediation of long-neglected surrounding areas."

Community wide town hall meetings are on-going. Come and participate and learn all about this exciting new project. I know some of us are nervous about the changes. Especially those of us who have been here for many years. Change can always be somewhat unsettling but this project has many aspects that are in the best interest of our town. This project is still in its proposal stage so changes will be made. Come to the meetings and find out what really going on, how it can benefit our hometown, and give your input.

Speaking of our hometown, along with all the beautiful trees and flowers that have been blooming and popping up all over Town, so are the For Sale Signs! We are right in the heart of our active spring real estate market. So, if you are thinking of selling, buying or building it's time to contact me!

I am always here and always available to you around the clock to help with any and all of your real estate needs. I value excellent service and efficiency meeting my client's every need. Call, text or email me today! I have the real hard facts for really smart moves!

I wish you all the very happiest Mother's Day!!

All the best,

Jillian

HAPPY BELATED MOTHER'S DAY!

JILLIAN KLAFF | TOP PRODUCER CB GLOBAL LUXURY